11/1 Canal Road, Paynesville, VIC 3880 sold on 05 June 2026 | OnTheHouse
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Sold on 05 Jun 2026 for $440,000

11/1 Canal Road
Paynesville VIC 3880

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 234m2
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Property Details for 11/1 Canal Rd, Paynesville

11/1 Canal Rd, Paynesville is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 234m2. While the property is not currently for sale or for rent, it was last sold in June 2026. There are other 2 bedroom Unit sold in Paynesville in the last 12 months.

Building Type
Unit
Land Size
234m2
Local Government
East Gippsland

Last Listing description (August 2026)

Recently refreshed and ready to enjoy, No.11 Parkridge presents an exceptional opportunity within one of Paynesville's most sought after over 55's communities.The home has been thoughtfully updated throughout with new flooring, fresh paint and new window furnishings, creating a light, modern and welcoming feel from the moment you step inside. Comfort is well covered with newly installed gas ducted heating, reverse cycle air conditioning, solar hot water service and six solar panels to assist in keeping ongoing living costs down.The floorplan is open and bright, designed for easy living with nothing left to do. The home offers two generous bedrooms plus a versatile hobby room that could easily function as a third bedroom, sewing room or study depending on your needs. The spacious bathroom includes a 900mm shower for added comfort and accessibility, while the neat and functional kitchen flows seamlessly into the open plan living and dining area. Sliding doors open to your own private leafy courtyard, providing a peaceful outlook and a lovely space to relax or enjoy a morning coffee.Practicality meets convenience with a single garage offering internal access to the unit, along with additional access to a shared carpark ideal for caravan or second vehicle storage.Residents of Parkridge enjoy the benefits of a secure gated village and a vibrant community atmosphere. The clubhouse facilities include a full kitchen, billiard room, library and jet pool, offering plenty of opportunity to socialise or unwind.Nestled in a quiet yet central location, No.11 Parkridge delivers a low maintenance lifestyle in a welcoming and secure environment, perfect for enjoying the next chapter with comfort and peace of mind.

Property History for 11/1 Canal Rd, Paynesville, VIC 3880

A timeline of how this property has performed in the market
Last Sold
$440,000
05 Jun 2026
  • 05 Jun 2026
    Sold for $440,000
  • 16 Feb 2026
    Listed for Sale $449,000
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About Paynesville 3880

The size of Paynesville is approximately 7.0 square kilometres. There are 8 parks, covering nearly 3.7% of the total area. The population of Paynesville in 2016 was 3480 people. By 2021 the population was 3636 showing a population growth of 4.5% in the area during that time. The predominant age group in Paynesville is 70-79 years. Households in Paynesville are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Paynesville work in a professional occupation.In 2021, 76.30% of the homes in Paynesville were owner-occupied compared with 71.50% in 2016.

Paynesville has 3,320 properties. Over the last 5 years, Houses in Paynesville have seen a 18.61% increase in median value, while Units have seen a 23.12% increase. As at 31 July 2026:

  • The median value for Houses in Paynesville is $600,614 while the median value for Units is $391,369.
  • Houses have a median rent of $500 while Units have a median rent of $390.
There are currently 76 properties listed for sale, and 15 properties listed for rent in Paynesville on OnTheHouse. According to Cotality's data, 184 properties were sold in the past 12 months in Paynesville.

Suburb Insights for Paynesville 3880

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.